Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Real Estate

Aditya Birla Real Estate

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries-20 plants in India, and 32 overseas units. Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.

<h3>FY25 – Key Highlights</h3><ul><li>Revenue at a record ₹2,38,496 crore, up 10%</li><li>All-time high Consolidated EBITDA at ₹35,496 crore, up 38%</li><li>Record Aluminium Upstream EBITDA at ₹16,262 crore, up 78%&nbsp;</li><li>Record Aluminium Downstream EBITDA at ₹633 crore, up 16%</li><li>Highest-ever Copper EBITDA at ₹3,025 crore, up 16%&nbsp;</li><li>Novelis’ Net Income (attributable to our common shareholder) at $683 million, up 14%</li><li>Consolidated Net Debt to EBITDA at 1.06x as of March 31, 2025 vs 1.21x a year ago</li><li>Board recommends dividend @500%(₹5/share) for FY25 vs 350%(₹3.5/share) for FY24 up 43%</li></ul><h3> Q4 FY25 – Key Highlights &nbsp;</h3><ul><li>Revenue at a record ₹64,890 crore, up 16%</li><li>All-time high Consolidated EBITDA at ₹10,296 crore, up 43%</li><li>Record Aluminium Upstream quarterly EBITDA at ₹4,838 crore, up 79%&nbsp;</li><li>Industry best Aluminium Upstream EBITDA margins at 47%</li><li>Highest Aluminium Downstream quarterly EBITDA at ₹219 crore, up 52%</li><li>Record domestic Copper Rod Sales of over 100 KT</li><li>Novelis’ Net Income (attributable to our common shareholder) at $294 million, up 77%</li><li>10,000 Aluminium Battery Enclosures delivered to Mahindra</li></ul> <a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, <a href="/our-story/group-purpose/">Aditya Birla Group</a> metals flagship, today reported results for the quarter and year ended March 31, 2025. The company reached a new milestone in financial performance by posting its highest-ever Revenue, EBITDA and PAT for the quarter and full year. Consolidated EBITDA for the fourth quarter stood at ₹10,296 crore, up 43% from the year ago-quarter, and Net Profit increased to ₹5,284 crore, up 66% over the prior year period.The outstanding results were driven by a strong performance by the Indian operations, supported by favourable macros and lower inputs costs. Despite headwinds, <a href="/businesses/companies/novelis-inc/">Novelis </a>delivered a resilient performance with strong shipments in both the fourth quarter and the full year, led by robust demand for beverage packaging. &nbsp;<figure class="table"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">55,994</td><td style="text-align:center;">58,390</td><td style="text-align:center;">64,890</td><td style="text-align:center;">2,15,962</td><td style="text-align:center;">2,38,496</td></tr><tr><td>Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA)</td><td style="text-align:center;">7,201</td><td style="text-align:center;">8,108</td><td style="text-align:center;">10,296</td><td style="text-align:center;">25,728</td><td style="text-align:center;">35,496</td></tr><tr><td>Profit before Depreciation and Tax (PBDT)</td><td style="text-align:center;">6,313</td><td style="text-align:center;">7,291</td><td style="text-align:center;">9,422</td><td style="text-align:center;">21,870</td><td style="text-align:center;">32,077</td></tr><tr><td>Profit Before Tax (After Exceptional Item)</td><td style="text-align:center;">4,136</td><td style="text-align:center;">5,296</td><td style="text-align:center;">6,550</td><td style="text-align:center;">14,012</td><td style="text-align:center;">22,337</td></tr><tr><td>Profit/ (Loss) After Tax (PAT)</td><td style="text-align:center;">3,174</td><td style="text-align:center;">3,735</td><td style="text-align:center;">5,284</td><td style="text-align:center;">10,155</td><td style="text-align:center;">16,002</td></tr><tr><td>EPS (₹/Share) - Basic</td><td style="text-align:center;">14.29</td><td style="text-align:center;">16.82</td><td style="text-align:center;">23.80</td><td style="text-align:center;">45.71</td><td style="text-align:center;">72.05</td></tr></tbody></table><figcaption>Summary of Consolidated Financial Highlights for the Quarter and Full Year ended March 31, 2025 (₹ Crore)</figcaption></figure>&nbsp;Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said, “Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our Aluminium Upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The Copper business achieved a record EBITDA backed by strong value-added product sales. Despite tighter scrap spreads, Novelis delivered a resilient performance through increased beverage can shipments.Hindalco is poised to enter a phase of accelerated growth backed by robust resource security in bauxite and coal and strengthened by strategic investments across Aluminium and Copper. Our copper smelter expansion, e-waste recycling and copper value-added products, are progressing steadily, while in Specialty Alumina, we are scaling up with a differentiated, high-value portfolio.With strategic investments in people, production, and technology, Hindalco is all set to offer industry solutions that are innovative, sustainable, and future-ready, aligning to its core philosophy of ‘Engineering Better Futures’.On the ESG front, we continue to make progress on climate actions, waste recycling, water conservation, and biodiversity protection, solidifying our position as the World’s Most Sustainable Aluminium Company in 2024.”<h3> Segment-wise Performance for Q4 FY25</h3><h4>Novelis (As per US GAAP)</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Shipments</td><td style="text-align:center;">KT</td><td style="text-align:center;">&nbsp;951</td><td style="text-align:center;">&nbsp;957</td><td style="text-align:center;">3673</td><td style="text-align:center;">3757</td></tr><tr><td>Revenue</td><td style="text-align:center;">$ Bn</td><td style="text-align:center;">4.1</td><td style="text-align:center;">4.6</td><td style="text-align:center;">16.2</td><td style="text-align:center;">17.1</td></tr><tr><td>Adjusted EBITDA</td><td style="text-align:center;">$ Mn</td><td style="text-align:center;">514</td><td style="text-align:center;">473</td><td style="text-align:center;">1873</td><td style="text-align:center;">1802</td></tr><tr><td>EBITDA/ton &nbsp; &nbsp;</td><td style="text-align:center;">$/ton</td><td style="text-align:center;">540</td><td style="text-align:center;">494</td><td style="text-align:center;">510</td><td style="text-align:center;">480</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Shipments at 957 KT, up 1% YoY&nbsp;&nbsp;</li><li>Revenue at $4.6 billion, up 13%, driven by higher average aluminium prices&nbsp;&nbsp;</li><li>Adjusted EBITDA at $473 million, down 8% impacted by higher aluminium scrap prices and operating costs, partially offset by higher product pricing&nbsp;&nbsp;</li><li>Net Income at $294 million, up 77%, primarily driven by favourable metal price lag, gains in unrealized derivatives, and a lower income tax provision&nbsp;&nbsp;</li><li>Maintained recycled content at 63% in FY25&nbsp;&nbsp;</li><li>Novelis commissioned two recycling centres (UAL, Guthrie) during FY25 to drive increased scrap consumption&nbsp;&nbsp;</li><li>Novelis’ Bay Minette and other strategic investments projects remain on track</li></ul><div class="page-break" style="page-break-after:always;">&nbsp;</div><h4> Aluminium (India)</h4>Aluminium Upstream:<figure class="table" style="float:left;"><table><tbody><tr><td>Particulars (Aluminium Upstream)</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Shipments</td><td style="text-align:center;">KT</td><td style="text-align:center;">337</td><td style="text-align:center;">332</td><td style="text-align:center;">1,346</td><td style="text-align:center;">1,327</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">8,469</td><td style="text-align:center;">10,311</td><td style="text-align:center;">32,382</td><td style="text-align:center;">38,268</td></tr><tr><td>Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">2,709</td><td style="text-align:center;">4,838</td><td style="text-align:center;">9,161</td><td style="text-align:center;">16,262</td></tr><tr><td>EBITDA/tonne</td><td style="text-align:center;">$/ton</td><td style="text-align:center;">967</td><td style="text-align:center;">1,684</td><td style="text-align:center;">822</td><td style="text-align:center;">1,449</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Quarterly Upstream revenue at ₹10,311 crore, up 22% YoY&nbsp;&nbsp;</li><li>Record Aluminium Upstream EBITDA at ₹4,838 crore, up 79% YoY, driven by lower input costs and favourable macros&nbsp;&nbsp;</li><li>Aluminium Upstream EBITDA per tonne at $1,684, up 74%, with industry-best margins of 47%&nbsp;&nbsp;</li><li>Hindalco secures Meenakshi coal mines with an annual capacity of 12 million tonnes, boosting resource securitization &nbsp;</li></ul>Aluminium Downstream:<ul><li>Sales of Aluminium Downstream at 105 KT, flat YoY&nbsp;&nbsp;&nbsp;</li><li>Downstream revenue at ₹3,595 crore, up 23% YoY&nbsp;&nbsp;</li><li>Record Aluminium Downstream EBITDA at ₹219 crore, up 52% due to favourable product mix&nbsp;&nbsp;</li><li>Downstream EBITDA per tonne at $240, up 46% YoY&nbsp;&nbsp;</li><li>10,000 aluminium battery enclosures delivered for Mahindra’s e-SUVS – BE 6 and XEV 9e, from Hindalco’s dedicated EV component manufacturing facility in Chakan</li></ul><h4> Copper (India)</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Metal Sales^</td><td style="text-align:center;">KT</td><td style="text-align:center;">135</td><td style="text-align:center;">135</td><td style="text-align:center;">506</td><td style="text-align:center;">491</td></tr><tr><td>^Of which CCR Sales</td><td style="text-align:center;">KT</td><td style="text-align:center;">98</td><td style="text-align:center;">109</td><td style="text-align:center;">389</td><td style="text-align:center;">394</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">13,424</td><td style="text-align:center;">14,565</td><td style="text-align:center;">49,321</td><td style="text-align:center;">54,703</td></tr><tr><td>Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">776</td><td style="text-align:center;">614</td><td style="text-align:center;">2,616</td><td style="text-align:center;">3,025</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Copper metal sales at 135 KT, flat YoY&nbsp;&nbsp;&nbsp;</li><li>Record Copper Continuous Cast Rod (CCR) sales at 109 KT, up 12%&nbsp;&nbsp;&nbsp;</li><li>Revenue at ₹14,565 crore, up 8%&nbsp;&nbsp;&nbsp;</li><li>Maintained healthy EBITDA of ₹614 crore, despite sharply declining TC/RCs&nbsp;&nbsp;</li><li>Copper Tubes project in commissioning phase&nbsp;&nbsp;</li><li>Construction of copper recycling project progressing on schedule&nbsp;</li></ul><h3> Awards and Recognition</h3><ul><li>Hindalco Copper, Dahej conferred the CII National Award for Excellence in Water Management&nbsp;</li><li>Belagavi Alumina Plant recognized with the GreenCo Gold Award from CII for its green manufacturing and sustainability initiatives</li><li>Hindalco in Top 10 of the ‘Great Place to Work’ list in Health and Wellness for 2024</li><li>Novelis honoured with Embraer Best Supplier Award in the Standards &amp; Materials category&nbsp;</li><li>Novelis recognised with Sustainability Excellence Award at the Coca-Cola Supplier Summit</li></ul>

Hindalco Q4 FY25 Results: FY25 Consolidated PAT up 58%; Q4 Consolidated PAT up 66% 

Aditya Birla Capital Limited (ABCL) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses of the Aditya Birla Group.Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles.Powered by over 59,000 employees, the businesses of ABCL have a nationwide reach with over 1,482 branches and more than 200,000 agents/channel partners along with several bank partners.As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs 1.46 Lakh Crore through its subsidiaries/JVs.&nbsp; &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Insurance Brokers Limited</li><li>Aditya Birla Sun Life Asset Management Company</li><li>Aditya Birla Sun Life Insurance</li><li>Aditya Birla Sun Life Mutual Fund</li><li>Aditya Birla Sun Life Pension Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp; &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

<ul><li>Consolidated Revenue1: &nbsp;14,138 crore in Q4 FY25 (↑13% y-o-y) and &nbsp;47,369 crore (↑ 20% y-o-y) in FY25&nbsp;</li><li>Consolidated operating profit1,2: &nbsp;1,672 crore in Q4 FY25 (↑25% y-o-y) and 5,475 crore (↑ 19% y-o-y) in FY25 &nbsp;</li><li>NBFC AUM: 1,26,351 crore (↑ 20% y-o-y and 6% q-o-q)</li><li>HFC AUM: 31,053 crore (↑ 69% y-o-y and 16% q-o-q)</li><li>Mutual fund quarterly average AUM: 3,81,724 crore (↑ 15% y-o-y)</li><li>Life insurance individual first year premium: ` &nbsp;4,115 crore in FY25 (↑ 34% y-o-y)</li><li>Health insurance gross written premium: 4,940 crore in FY25 (↑ 33% y-o-y)&nbsp;</li><li>Udyog Plus, B2B platform for MSMEs crossed &nbsp;3,500 crore AUM till date</li><li>ABCD, omnichannel D2C platform with ~ 5.5 mn customer acquisitions till date</li></ul>&nbsp;Aditya Birla Capital Limited (“The Company”) announced its audited financial results for the quarter and year ended March 31, 2025.The consolidated revenue1 grew by 13% year-on-year to 14,138 crore in Q4 FY25 and 20% year-on-year to 47,369 crore in FY25. The consolidated operating profit grew by 25% year-on-year to &nbsp;1,672 crore in Q4 FY25 and 19% year-on-year to &nbsp;5,475 crore in FY25. The consolidated profit after tax grew by 6% year-on-year to 865 crore in Q4 FY25 and 8% year-on-year to 3,142 crore in FY25. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 8% sequentially to 1,57,404 crore as on March 31, 2025. The total AUM (AMC, life insurance and health insurance) grew by 17% year-on-year to 5,11,260 crore as on March 31, 2025. The total premium (life insurance and health insurance) grew by 22% year-on-year to 25,579 crore in FY25.The Company’s omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 25 products and services such as payments, loans, insurance, and investments. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with about 5.5 million customer acquisitions till date.&nbsp;The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It has scaled up significantly with more than 2.2 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed &nbsp;3,500 crore as of March 31, 2025.&nbsp;The Company also continues to expand its physical footprint with a pan-India presence of 1,623 branches across all businesses as of March 31, 2025. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.The Board of Directors of the Company and Aditya Birla Finance had approved the Scheme of Amalgamation of Aditya Birla Finance Limited, the Company’s wholly owned subsidiary with itself. The amalgamation has been successfully completed following all requisite approvals. The appointed date of amalgamation is April 1, 2024 and effective date is April 1, 2025. The Company now has two business segments, the NBFC lending business and the investment business through which it will continue to hold investments in all its subsidiaries, JVs and associate businesses.&nbsp;&nbsp; &nbsp;<h3>Highlights of NBFC business&nbsp;</h3><ul><li>Disbursements grew by 28% sequentially and 8% year-on-year to 19,523 crore in Q4 FY25</li><li>AUM grew by 6% sequentially and 20% year-on-year and to 1,26,351 crore&nbsp;</li><li>Loans to Retail, SME and HNI customers constitute 64% of the total portfolio&nbsp;</li><li>Profit before tax grew by 11% year-on-year to 877 crore in Q4 FY25 and 12% year-on-year to 3,360 crore in FY25</li><li>Return on assets was 2.25% in Q4 FY25 and 2.27% in FY25</li><li>Gross stage 2 and 3 ratio improved by 47 bps sequentially and 71 basis points year-on-year to 3.78%</li></ul><h3> Highlights of Housing Finance business&nbsp;</h3><ul><li>Disbursements grew by 98% year-on-year to &nbsp;5,820 crore in Q4 FY25 and 109% year-on-year &nbsp;to 17,468 crore in FY25</li><li>AUM grew by 69% year-on-year and 16% sequentially to 31,053 crore&nbsp;</li><li>Profit before tax grew by 28% year-on-year to ` 121 crore in Q4 FY25 and 11% year-on-year to ` 419 crore in FY25</li><li>Return on assets was 1.44% in Q4 FY25 and 1.46% in FY25</li><li>Return on equity was 10.95% in Q4 FY25 and 11.03% in FY25&nbsp;</li><li>Gross stage 3 ratio improved by 33 bps sequentially and 116 basis points year-on-year to 0.66%</li></ul><h3> Highlights of Asset Management business&nbsp;</h3><ul><li>Mutual fund quarterly average assets under management (QAAUM) grew by 15% year-on-year to 3,81,724 crore in Q4 FY25, with equity mix at 44.3%</li><li>Equity QAAUM grew by 11% year-on-year to 1,69,065 crore in Q4 FY25</li><li>Individual monthly average assets under management grew by 6% year-on-year to 1,84,471 crore</li><li>Monthly systematic investment plan (SIP) flows grew by 5% year-on-year to 1,316 crore in March 2025</li><li>Operating profit grew by 20% year-on-year to 233 crore in Q4 FY25 and 31% year-on-year to 944 crore in FY25</li></ul><h3> Highlights of Life Insurance business&nbsp;</h3><ul><li>Individual First Year Premium (FYP) grew by 34% year-on-year to 4,115 crore in FY25</li><li>Group New Business Premium grew by 23% year-on-year to 5,586 crore in FY25</li><li>Market share in individual FYP increased by 68 basis points year-on-year to 4.84% in FY25</li><li>13th month persistency continued to be top quartile in industry at 88% in FY25</li><li>Value of new business (VNB) grew by 17% year-on-year to 818 core with Net VNB margin at 18.0% in FY25</li><li>Embedded value grew by 20% year-on-year to 13,812 crore as of March 31, 2025</li><li>AUM of life insurance business crossed 1 lakh crore in April 2025</li></ul><h3> Highlights of Health Insurance business</h3><ul><li>Gross written premium (GWP) grew by 33% year-on-year to 4,940 crore</li><li>Market share among standalone health insurers (SAHI) increased by 137 basis points year-on-year to 12.6%&nbsp;</li><li>Combined ratio improved to 105% from 110% in FY25</li><li>One of the fastest SAHI player to achieve break even with fastest growing player.</li></ul> 1 Consolidated segment revenue and profit before tax; for Ind AS statutory reporting purpose Asset management, wellness business and health insurance are not consolidated and included under equity accounting.&nbsp;&nbsp;&nbsp; 2 Excluding gain on sale of shares in subsidiaries/associates&nbsp;

Aditya Birla Capital announces Q4FY25 and FY25 results

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.4 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India. In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.UltraTech is the third largest cement company in the world, excluding China, with a consolidated production capacity of 154.86 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech is the only cement company globally (outside of China) to have 100+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 24 integrated manufacturing units, one Clinkerisation unit, 33 grinding units and 8 bulk packaging terminals. With 316 Ready Mix Concrete (RMC) plants in 139 cities, UltraTech is the largest manufacturer of concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech’s Building Products business is an innovation hub that offers an array of scientifically engineered products to cater to new-age constructions. UltraTech is the leading player in the white cement segment in India and is retailed in the market under the brand name 'Birla White'. UltraTech has one white cement unit and three wall care putty units. UltraTech pioneered the UltraTech Building Solutions (UBS) concept to provide individual home builders with a one-stop-shop solution for building their homes. This is the first pan-India multi-category retail chain catering to the needs of individual home builders (IHBs). Currently, there are over 4400 UBS outlets in 23 states across India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in. The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes. UltraTech reaches out to more than 1.8 million beneficiaries in over 507 villages in 16 states across India.

<figure class="table"><table><tbody><tr><td>&nbsp;</td><td>Q4FY’25</td><td>Q4FY’24</td><td>FY’25</td><td>FY’24</td></tr><tr><td>Net Sales</td><td>22,788</td><td>20,069</td><td>74,936</td><td>69,810</td></tr><tr><td>PBIDT</td><td>4,721</td><td>4,250</td><td>13,302</td><td>13,586</td></tr><tr><td>PAT</td><td>2,482</td><td>2,258</td><td>6,039</td><td>7,005</td></tr></tbody></table><figcaption><span style="line-height:107%;mso-ansi-language:EN-IN;mso-bidi-language:AR-SA;mso-fareast-font-family:Aptos;mso-fareast-language:EN-US;mso-fareast-theme-font:minor-latin;mso-font-kerning:0pt;mso-ligatures:none;">Consolidated (Rs. Crores)</figcaption></figure>The Composite Scheme of Arrangement between Kesoram Industries Limited, the Company and their respective shareholders and creditors is effective from 1st March, 2025. The Appointed Date being 1st April, 2024, previous year figures have been restated in accordance with the provisions of IndAS. &nbsp;<h3>Leading with Scale, Growing in Strength and Winning with Purpose</h3>UltraTech Cement Limited today announced its financial results for the quarter and year ended 31st March, 2025.The Company’s consolidated sales volumes reached 41.02 ml mt for the quarter, growing by 17%. Excluding acquired assets, operating EBITDA/mt was Rs.1,270/mt, up 7% YoY and 32% QoQ. The Company also achieved over 1GW capacity of renewable power installations, making UltraTech one of the first industrial companies in India to commission 1 Gigawatt of Renewable Energy capacity for captive use. &nbsp;<h3>FINANCIALS</h3><h4> Q4FY2024-25</h4>Consolidated Net Sales was Rs. 22,788 crores, vis-à-vis Rs. 20,069 crores in the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 4,721 crores compared to Rs. 4,250 crores in the corresponding period of the previous year. Profit after tax was Rs. 2,482 crores compared to a profit Rs. 2,258 crores in the corresponding period of the previous year.<h4>FY2024-25</h4>The Company achieved sales volumes of 135.83 ml mt for the year, one of the highest globally (excluding China). Consolidated Net Sales for the year reached Rs. 74,936 crores, up from Rs. 69,810 crores last year. Profit before interest, depreciation, and tax was Rs. 13,302 crores, a slight decrease from Rs. 13,586 crores in the previous fiscal year. UltraTech added 42.60 mtpa through organic and inorganic growth during FY25, resulting in profit after tax decreasing to Rs. 6,039 crores from Rs. 7,005 crores due to increased interest and depreciation. &nbsp;<h3>OPERATIONS</h3>Energy costs were lower by 14% YoY, mainly on account of decrease in fuel cost which was Rs.881/t in Q4FY25 compared to Rs.1025/t in Q4FY24. Effective capacity utilization was 89% during the quarter and 78% for the full year. &nbsp;<h3>DIVIDEND</h3>The Board of Directors at their meeting held today have recommended a dividend of 775%&nbsp;at the rate of Rs.77.50/- per equity share of face value of Rs.10/- per share, aggregating Rs.2,283.75 crores. In terms of the provisions of the Finance Act, 2020, the dividend shall be taxed in the hands of shareholders at applicable rates of tax and the Company shall withhold tax at source appropriately. &nbsp;<h3>CAPEX</h3>UltraTech’s expansion program is progressing as per schedule.As part of its ongoing capacity expansion program, UltraTech commissioned 17.40 mtpa capacity across several locations in the country during FY25. It also set up its first bulk terminal in Uttar Pradesh at Lucknow with a capacity to handle 1.8 mtpa of cement.UltraTech’s domestic grey cement capacity has increased to 183.36 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 188.76 mtpa.As India’s leading cement player, UltraTech is well placed to support the country in its exciting growth journey ahead. &nbsp;<h3>CORPORATE DEVELOPMENT</h3>Upon receipt of unconditional approval from the Competition Commission of India, UltraTech acquired the equity stake of the erstwhile promoters and members of the promoter group of The India Cements Limited (“ICEM”), resulting in ICEM becoming a subsidiary company with effect from 24th December, 2024. Additionally, UltraTech made an open offer to the public shareholders of ICEM to acquire equity shares representing 26% of ICEM’s equity share capital. Consequently, UltraTech’s total shareholding in ICEM stands at 25,25,29,160 equity shares of Rs.10/- each, representing 81.49% of ICEM’s equity share capital.The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”) and the Company became effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024 from which date Kesoram’s Cement Business stands transferred to and vested in the Company as a going concern. In terms of the Scheme, UltraTech allotted 59,74,301 equity shares of Rs. 10/- each to shareholders of Kesoram in the ratio of 1 (one) equity share of Rs. 10/- each of the Company for every 52 (fifty-two) equity shares of Rs. 10/- each held in Kesoram.In a separate development, UltraTech’s Board approved acquisition of 6,42,40,000 equity shares of Rs. 10/- each of Wonder WallCare Private Limited (“Wonder WallCare”), engaged in the manufacture of wall putty and related products for an Enterprise Value not exceeding Rs. 235 crores. Upon completion of the acquisition, Wonder WallCare will become a wholly-owned subsidiary of the Company. &nbsp;<h3>SUSTAINABILITY</h3>UltraTech was awarded in the “Circular Business Model-Matured category” within the Indian cement industry at the first Global Symposium and Awards on Resource Efficiency and Circular Economy, hosted by FICCI. The symposium's theme was “Scaling Resource Efficiency &amp; Circular Economy: Pathway for Global Sustainability.” UltraTech demonstrated effective resource utilisation and significant contributions to enhancing resource efficiency and the circular economy through innovative initiatives, digitalisation, and technology interventions. UltraTech prioritises material circularity to address issues such as overutilisation of resources, rising costs of natural raw materials, and waste disposal. By using alternative fuels and raw materials in its manufacturing processes, UltraTech reduces the use of natural resources and minimizes landfill waste, thus conserving natural resources and lowering environmental impacts.Continuing its stated commitment towards enhancing environment conservation measures,&nbsp;UltraTech added 269 MW of renewable power during the quarter. Combined with its 342 MW in Waste Heat Recovery Systems (WHRS), UltraTech’s total green energy capacity has now reached 1.363 GW, which will cover about 46% of UltraTech’s current power needs. &nbsp;<h3>GOING FORWARD</h3>Given the government’s focus on infrastructure and housing projects, along with increased rural and urban demand, a sustainable volume growth of 7- 8% is expected, going forward.While the sector may face short-term challenges, the long-term outlook is indicating signs of improvement with stable demand likely to support growth.

UltraTech Announces Q4 FY2025 Results

The strategic decision aims to accelerate <a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement’s</a> expansion in the white cement based putty and value added products’ segment.The Company’s Board of Directors at its meeting held today, approved the purchase of 100% equity of Wonder WallCare at an Enterprise Value not exceeding Rs. 235 crores. The Company has executed a Share Purchase Agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances.This acquisition gives UltraTech, access to a new state-of-the-art 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the Company’s existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single-location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help the Company expand its putty and Value-Added Products’ production capacity, in the highly competitive and fragmented putty manufacturing market in India.With the rapid pace of urbanisation and growing real estate construction in India, alongside Hon’ble Prime Minister, Shri Narendra Modiji’s vision of ‘Make in India’ and ‘Atmanirbhar Bharat’, this acquisition aligns well with the Company’s strategy to support high quality real estate and contribute to infrastructure, manufacturing and economic growth.

UltraTech Cement to acquire Wonder WallCare

The amalgamation of Aditya Birla Capital’s wholly owned subsidiary with itself comes into effect from April 01, 2025, and the process has been completed, post requisite shareholders’ and regulatory / statutory approvals.<a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited (ABCL)</a>, at its board meeting held on 31 March 2025, has announced the successful completion of the amalgamation of its wholly owned NBFC subsidiary, Aditya Birla Finance Ltd. (“ABFL”) with itself, vide the Order of Hon’ble National Company Law Tribunal (“NCLT”), Ahmedabad Bench, dated March 24, 2025. The Scheme of Amalgamation (“Scheme”) is effective from April 01, 2025, and the appointed date for the Scheme was April 01, 2024.The respective board of directors of ABCL and ABFL had approved the proposed scheme of amalgamation on March 11, 2024, and the process has been completed after receiving requisite approvals from shareholders, creditors, and regulatory / statutory authorities including the Stock Exchanges, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI) and the National Company Law Tribunal (NCLT).The Board of Directors has also approved the appointment of Ms. Vishakha Mulye as the MD &amp; CEO and Mr. Rakesh Singh as the Executive Director and CEO (NBFC) of the amalgamated entity. These appointments are subject to regulatory and other requisite approvals.In addition, the Board has approved the appointment of Mr. Nagesh Pinge and Mr. Sunil Srivastav as Independent Directors of the Company.Commenting on the announcement, <a href="/our-story/leadership/mr-kumar-mangalam-birla/">Mr. Kumar Mangalam Birla</a>, Chairman Aditya Birla Group said, “India has shown remarkable economic ascent in recent years, with financial services playing a pivotal role in driving this progress. In line with the nation’s growth, Aditya Birla Capital has significantly expanded in scale and size, establishing itself as a core growth engine for the Aditya Birla Group. I am confident that the combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India’s vast economic growth opportunities.”Ms. Vishakha Mulye, CEO, Aditya Birla Capital said, “The successful completion of this amalgamation marks a significant step in our transformative growth journey, increasing our strength and agility as a unified larger operating entity. With a simplified corporate structure, we now have better access to capital to drive operational synergies, long-term growth and enhanced value creation for all stakeholders. We remain focused on simplifying finance and providing comprehensive financial solutions that meet our customers' diverse needs, while paving the way for ABCL’s next phase of growth.”The rationale and benefits of the proposed amalgamation are as follows:<ol><li>Rationalization and simplification of group structure: The amalgamation has resulted in reduction of legal entities and simplification of the group structure of ABCL.</li><li>Improved financial stability: ABCL will be converted from a Core Investment Company to an operating NBFC, and this will create a unified larger entity with greater financial strength and flexibility enabling direct access to capital. This will also help the Company maximise its share of opportunities by efficient utilisation and allocation of capital.</li><li>Likely stakeholder value enhancement: The amalgamation has led to consolidation of businesses and operational synergies, resulting in expansion and long-term sustainable growth. This will enhance the value for various stakeholders of the Company.</li><li>Increased operational efficiency: The amalgamation has led to seamless implementation of policy changes and reduction in the multiplicity of legal and regulatory compliances.</li></ol> As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs. 1.46 Lakh Crore and gross written premium of Rs. 16,942 Crore in Life and Health insurance businesses in 9M FY25. It reported a consolidated revenue of Rs. 28,376 Crore and a consolidated profit after tax of Rs. 2,468 Crore in 9M FY25. The Company has a pan-India presence with 1,482 branches across all businesses and more than 200,000 agents / channel partners along with several bank partners, as of December 31, 2024.

Aditya Birla Capital Limited completes amalgamation of Aditya Birla Finance Limited, creates a unified larger operating NBFC

From a single-unit textile entity in 1897, Century Textiles and Industries Ltd (CTIL) transformed into a commercial powerhouse with interests in diverse industries. In 2024, the company was officially rebranded as Aditya Birla Real Estate. Part of Aditya Birla Group, ABREL is a publicly traded Company with its corporate headquarters in Mumbai. It is present in the real estate industry, under the brand name Birla Estates.With the aim of delivering exceptional LifeDesignedTM home and office spaces, Birla Estates entered the realty sector in 2016, marking its foray into residential and commercial real estate. Birla Estate’s vision is to transform the perception of the Indian real estate sector by creating value and delivering an exceptional experience for every stakeholder.Its portfolio includes high-quality projects that not only provide luxurious living but also promote sustainable and eco-friendly lifestyles. It has successfully completed two commercial projects and launched five residential projects, establishing our presence in major cities such as Mumbai Metropolitan Area (MMR), the National Capital Region (NCR), and Bengaluru.

The Board of Directors of <a href="/businesses/companies/aditya-birla-real-estate/">Aditya Birla Real Estate Limited (ABREL)</a>, at its meeting held today, approved the execution of the business transfer agreement for divestment of the Company’s <a href="/businesses/sectors/pulp-and-paper/">Pulp and Paper</a> undertaking situated in Lalkuan, Uttarakhand, (“CPP”), by way of a slump sale to ITC Limited (“ITC”). &nbsp;The transfer of the business will be for a lump-sum cash consideration of Rs. 3498 Cr., to be paid by ITC to ABREL. &nbsp;The divestment of the Pulp and Paper undertaking is a value unlocking exercise for ABREL. It will further enable the Company to pursue growth opportunities in its core business—real estate.Speaking on the transaction, Mr. R. K. Dalmia, Managing Director, Aditya Birla Real Estate Ltd, said, “The divestment of the Pulp and Paper undertaking by ABREL is a strategic portfolio choice and unlocks value for the shareholders of ABREL. The company has embarked on a transformational growth phase, and this move will further sharpen its focus on real estate to drive sustained value creation.” He added, “Over the years, CPP has become synonymous with strong performance and high sustainability standards. To take it to the next level in size and value, the company is pleased to have found in ITC, a credible and well-established player.”The lump sum consideration is subject to certain adjustments as per the agreement. The transaction is contingent on necessary statutory and regulatory approvals including approvals from the Competition Commission of India (CCI) and shareholders.JM Financial Limited acted as the exclusive financial advisor and AZB &amp; Partners acted as the legal advisor to Aditya Birla Real Estate Limited (“ABREL”) for this transaction.&nbsp;

Aditya Birla Real Estate Limited Divests Century Pulp and Paper undertaking for Rs. 3498 Cr.

<a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Ltd</a>., the metals flagship of Aditya Birla Group, has unveiled a bold new brand identity, marking its transformation from a materials supplier to an engineered solutions provider. The refreshed identity underscores its role as a co-creator and problem solver, shaping the future of industries such as electric mobility, renewable energy, energy storage, semiconductors, and high-end electronics.The brand identity was unveiled by Aditya Birla Group, Chairman, Mr. Kumar Mangalam Birla in the presence of industry leaders, policymakers, and business partners.Speaking at the launch, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Today, Hindalco is a mini conglomerate in itself, with 52 plants across 10 countries producing a diverse portfolio of high-quality products that contribute to the global economy. We are committing ₹45,000 crore across aluminium, copper, and specialty alumina businesses to deliver both upstream and next-generation high-precision engineered products”. He added, “Hindalco’s new identity reflects our role as a catalyst for change, a problem solver, and a co-creator of new solutions that power progress across industries. And above all, it embodies our commitment to always being a force for good.”The new Hindalco brand logo, featuring a bold and dynamic ‘H,’ represents forward momentum and reinforces the company’s role in shaping India’s industrial and sustainable future. This transformation is not just about advanced materials, it is about cultivating innovation, attracting top talent, and fostering a high-performance culture that drives continuous progress.Mr. Satish Pai, Managing Director, Hindalco Industries Ltd., added, “This marks a pivotal moment in Hindalco’s journey as we transition from a metals manufacturer to an innovation-driven solutions provider. Our investments in advanced materials, circular economy solutions, and cutting-edge applications will redefine manufacturing in India and beyond. The new brand identity, ENGINEERING BETTER FUTURES, reflects our core principles: Sustainability, Circularity, Durability, and Precision Engineering. These pillars form the foundation of our transformation, ensuring we create a lasting impact for generations to come.”Hindalco’s advancements are already revolutionizing industries and fostering strategic partnerships to accelerate innovation. In automotive and electric vehicles, its lightweight materials enhance efficiency and sustainability. In packaging, it is pioneering circular solutions to minimize waste and improve recyclability. Hindalco is also collaborating with battery manufacturers, developing specialized aluminium and copper materials for anode and cathode components, enabling the next wave of energy storage solutions. In aerospace and defence, it has played a crucial role in ISRO’s landmark projects like Chandrayaan and Mangalyaan, supplying high-performance materials that reinforce India’s space capabilities.Sustainability remains a cornerstone of Hindalco’s transformation. The company is advancing its green initiatives with projects such as India’s first e-waste recycling plant by Birla Copper and a 100MW renewable energy project in Odisha, integrating wind, solar, and pumped hydro storage to provide stable, round-the-clock power.For the fifth consecutive year, Hindalco has been recognized as the World’s Most Sustainable Aluminium Company in the S&amp;P Global Corporate Sustainability Assessment (CSA) rankings. Its ongoing focus on energy-efficient production, waste reduction, and eco-friendly materials aligns with India’s ambitious net-zero goals.

Hindalco unveils new identity in a transformational push to disrupt Indian Manufacturing

<a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, reported a consolidated net profit of ₹3,735 crore for the third quarter, up 60%, driven by a strong operational performance by the India business.<h3>Key Highlights of Q3 FY25 (vs. Q3 FY24)</h3><ul><li>Record Aluminium Upstream EBITDA at ₹4,222 crore, up 73%; EBITDA margin at 42%</li><li>Quarterly Copper EBITDA at ₹777 crore, up 18%</li><li>Consolidated EBITDA at ₹8,108 crore, up 28%</li><li>Consolidated Net Debt to EBITDA at 1.33x as of December 31, 2024</li><li>Hindalco secures Meenakshi Coal Mines boosting resource security</li><li>Hindalco becomes the first Indian company to be awarded the Copper Mark - JDDS Accreditation for its sustainable sourcing and production practices</li><li>Hindalco achieves ‘Top 1%’ ranking in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector globally&nbsp; &nbsp;</li></ul>Aluminium Upstream EBITDA stood at an all-time high of ₹4,222 crore, up 73%, supported by lower input costs. Copper business recorded an EBITDA of ₹777 crore, up by 18%, backed by continued strong domestic sales and higher by-product realisations. <a href="/businesses/companies/novelis-inc/">Novelis’</a> revenue stood at $4.1 billion, mainly driven by higher average aluminum prices with total rolled product shipments of 904 kilotonnes largely comparable to the prior year period.&nbsp;<figure class="table" style="width:95.62%;"><table class="ck-table-resized"><colgroup><col style="width:37.22%;"><col style="width:10.84%;"><col style="width:11.42%;"><col style="width:12.73%;"><col style="width:13.39%;"><col style="width:14.4%;"></colgroup><tbody><tr><td>Particulars</td><td style="text-align:center;">Q3 FY24</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">9M FY24</td><td style="text-align:center;">9M FY25</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">52,808</td><td style="text-align:center;">58,203</td><td style="text-align:center;">58,390</td><td style="text-align:center;">1,59,968</td><td style="text-align:center;">1,73,606</td></tr><tr><td>Earning Before Interest, Tax, Depreciation &amp; Amortisation (EBITDA)</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="padding:5px;">&nbsp; &nbsp; Novelis*</td><td style="text-align:center;">3,783</td><td style="text-align:center;">3,872</td><td style="text-align:center;">3,097</td><td style="text-align:center;">11,237</td><td style="text-align:center;">11,139</td></tr><tr><td>&nbsp; &nbsp; Aluminium Upstream</td><td style="text-align:center;">2,443</td><td style="text-align:center;">3,709</td><td style="text-align:center;">4,222</td><td style="text-align:center;">6,452</td><td style="text-align:center;">11,424</td></tr><tr><td>&nbsp; &nbsp; Aluminium Downstream</td><td style="text-align:center;">110</td><td style="text-align:center;">154</td><td style="text-align:center;">150</td><td style="text-align:center;">401</td><td style="text-align:center;">414</td></tr><tr><td>&nbsp; &nbsp; Copper</td><td style="text-align:center;">656</td><td style="text-align:center;">829</td><td style="text-align:center;">777</td><td style="text-align:center;">1,840</td><td style="text-align:center;">2,411</td></tr><tr><td>Business Segment EBITDA</td><td style="text-align:center;">6,992</td><td style="text-align:center;">8,564</td><td style="text-align:center;">8,246</td><td style="text-align:center;">19,930</td><td style="text-align:center;">25,388</td></tr><tr><td>Inter Segment Profit/ (Loss) Elimination (Net)</td><td style="text-align:center;">(50)</td><td style="text-align:center;">3</td><td style="text-align:center;">(164)</td><td style="text-align:center;">(51)</td><td style="text-align:center;">(391)</td></tr><tr><td>Unallocable Income/ (Expense) - (Net) &amp; GAAP Adjustments</td><td style="text-align:center;">(620)</td><td style="text-align:center;">533</td><td style="text-align:center;">26</td><td style="text-align:center;">(1,352)</td><td style="text-align:center;">203</td></tr><tr><td>EBITDA</td><td style="text-align:center;">6,322</td><td style="text-align:center;">9,100</td><td style="text-align:center;">8,108</td><td style="text-align:center;">18,527</td><td style="text-align:center;">25,200</td></tr><tr><td>Finance Costs</td><td style="text-align:center;">944</td><td style="text-align:center;">869</td><td style="text-align:center;">817</td><td style="text-align:center;">2,970</td><td style="text-align:center;">2,545</td></tr><tr><td>PBDT</td><td style="text-align:center;">5,378</td><td style="text-align:center;">8,231</td><td style="text-align:center;">7,291</td><td style="text-align:center;">15,557</td><td style="text-align:center;">22,655</td></tr><tr><td>Depreciation &amp; Amortisation (including impairment)</td><td style="text-align:center;">2,051</td><td style="text-align:center;">2,074</td><td style="text-align:center;">1,955</td><td style="text-align:center;">5,705</td><td style="text-align:center;">5,986</td></tr><tr><td>Share in Profit/ (Loss) in Equity Accounted Investments (Net of Tax)</td><td style="text-align:center;">1</td><td style="text-align:center;">-</td><td style="text-align:center;">1</td><td style="text-align:center;">3</td><td style="text-align:center;">3</td></tr><tr><td>Profit before Exceptional Items and Tax</td><td style="text-align:center;">3,328</td><td style="text-align:center;">6,157</td><td style="text-align:center;">5,337</td><td style="text-align:center;">9,855</td><td style="text-align:center;">16,672</td></tr><tr><td>Exceptional Income/ (Expenses) (Net)</td><td style="text-align:center;">-</td><td style="text-align:center;">(514)</td><td style="text-align:center;">(41)</td><td style="text-align:center;">21</td><td style="text-align:center;">(885)</td></tr><tr><td>Profit Before Tax (After Exceptional Item)</td><td style="text-align:center;">3,328</td><td style="text-align:center;">5,643</td><td style="text-align:center;">5,296</td><td style="text-align:center;">9,876</td><td style="text-align:center;">15,787</td></tr><tr><td>Tax</td><td style="text-align:center;">997</td><td style="text-align:center;">1,734</td><td style="text-align:center;">1,561</td><td style="text-align:center;">2,895</td><td style="text-align:center;">5,069</td></tr><tr><td>Profit/ (Loss) After Tax</td><td style="text-align:center;">2,331</td><td style="text-align:center;">3,909</td><td style="text-align:center;">3,735</td><td style="text-align:center;">6,981</td><td style="text-align:center;">10,718</td></tr><tr><td>EPS (/Share) - Basic</td><td style="text-align:center;">10.50</td><td style="text-align:center;">17.59</td><td style="text-align:center;">16.82</td><td style="text-align:center;">31.43</td><td style="text-align:center;">48.25</td></tr></tbody></table><figcaption>Consolidated Financial Highlights for the Quarter and Nine Months ended December 31, 2024. (₹ Crore)</figcaption></figure>*As per US GAAPCommenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,&nbsp;&nbsp; "Hindalco delivered robust consolidated results in the third quarter despite global uncertainties, driven by an excellent performance of its India business. The Aluminium India Upstream business achieved record quarterly EBITDA, with industry-leading margins of 42%. The downstream segment experienced consistent growth posting a 36% increase in EBITDA. The Copper business delivered a robust 18% growth in EBITDA. The business marked a significant milestone by achieving the ‘Copper Mark- JDDS’ for its responsible and sustainable production practices. Novelis continues to focus on operational and cost efficiency initiatives in the face of current pressures on scrap pricing.During the quarter we secured critical resources for our India upstream business, enhancing our global cost leadership. &nbsp;Key growth initiatives, such as the alumina refinery, aluminium smelter expansion, copper smelter expansion and the FRP project, remain on track. Our strong balance sheet positions us well for the next phase of transformative growth.&nbsp;&nbsp; Our holistic ESG approach continues to gain global recognition. Hindalco is the only company to achieve a Top 1% ranking in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector.”<h3>Segment-wise Performance</h3><h4>Novelis*:&nbsp;</h4><ul><li>Shipments at 904 KT, down 1%</li><li>Novelis Revenue at $4.1 billion, up 4%, driven by higher average aluminium prices</li><li>Adjusted EBITDA at $367 million, down 19% due to higher aluminum scrap prices and unfavourable product mix</li><li>Net Income at $110 million, down 9%</li></ul>(*As per US GAAP)<h4>Aluminium (India)&nbsp;</h4><ul><li>Quarterly Upstream revenue at ₹9,993 crore, up 25%</li><li>Record Aluminium Upstream EBITDA at ₹4,222 crore, up 73%&nbsp;</li><li>Aluminium Upstream EBITDA per tonne was at $1,480, up 68%, with industry-best margins of 42%</li><li>Downstream revenue at ₹3,195 crore, up 25%</li><li>Aluminium downstream EBITDA stood at ₹150 crore, up 36%</li><li>Sales of Downstream Aluminium at 99 KT, up 10%&nbsp;</li><li>Downstream EBITDA per tonne at $179, up 22%</li></ul><h4> Copper (India)</h4><ul><li>Revenue at ₹13,732 crore, up 15%&nbsp;</li><li>EBITDA at ₹777 crore, up 18%&nbsp;</li><li>Copper metal sales at 120 KT, up 1%</li><li>Copper Continuous Cast Rod (CCR) sales at 95 KT, up 1%</li></ul>&nbsp;<h3>Business Updates &amp; Recognition&nbsp;</h3><ul><li>Hindalco secures Meenakshi coal mines with an annual capacity of 12 million tonnes, boosting resource securitization.</li><li>Hindalco’s Copper Tubes project to be commissioned in Q4 FY25.</li><li>Hindalco is the first Indian company to be awarded the Copper Mark - JDDS (Joint Due Diligence Standard) for its sustainable sourcing and production practices. This Accreditation is recognised by the London Metal Exchange, and OECD (Organisation for Economic Co-operation and Development).</li><li>Hindalco ranks among the top 1% in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector, globally.</li><li>Hindalco named one of India’s Best Workplaces in Manufacturing – 2025, by the Great Place to work ® Institute for the third consecutive year.</li></ul>

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